Carestream Health has bolstered itself with a broad new portfolio of conventional and digital X-ray technologies, thanks to its acquisition of Ronkonkoma, N.Y.-based Quantum Medical Imaging, a privately-held manufacturer of X-ray systems used by hospitals, imaging centers and health clinics.
The terms of the deal were not disclosed.
Quantum Medical Imaging’s portfolio will help enhance and complement Carestream’s product line, executives say, and the combination of the two companies will enable Carestream to better serve the specialized imaging needs of community hospitals and clinics globally. Likewise, Quantum Medical Imaging’s dealers and customers will have access to Carestream Health’s innovative medical imaging and healthcare IT solutions.
Kevin Hobert, CEO of Carestream Health, lauded Quantum's president and CEO Scott Matovich. “I’m thrilled to welcome Scott and his talented Quantum Medical Imaging team to Carestream Health,” Hobert said. “[He] and his team have created very reliable, innovative and easy-to-use products and, with their strong dealer network, they have earned a reputation for outstanding customer satisfaction. The Quantum team brings great people, great products and new business partners to Carestream Health.”
Quantum Medical Imaging sells both digital radiography (DR) and conventional X-ray systems; computed radiography (CR) systems; and X-ray system components. The company serves hospitals, imaging centers, orthopedic facilities and medical clinics by providing high-quality, affordable medical imaging solutions appropriate for their unique needs.
“Our team has done a tremendous job serving customers and building a strong business, achieving consistent growth over the last decade with even greater long-term potential,” said Matovich. “By joining forces with a global healthcare solutions provider of Carestream Health’s caliber, we are further advancing and accelerating our growth trajectory. We will continue our sharp focus on providing innovative imaging solutions for healthcare providers that place a premium on quality, value and success.”
Quantum Medical Imaging's dealers and the customers they serve will see significant benefits from this acquisition as they will have access to a substantially larger portfolio of advanced Carestream products including CR systems; the DRX-1 family of wireless digital upgrades; entry level RIS/PACS and archive solutions; and medical film printers. In addition, there is significant opportunity for Carestream to sell Quantum’s products in international markets, where the former’s efficient distribution networks reach and serve more healthcare customers.
Quantum will be integrated into Carestream Health’s Digital Medical Solutions business. Matovich will continue running Quantum’s operations and will report to Diana Nole, president of Carestream Health’s digital medical solutions business. Matovich also will manage Carestream Health’s U.S. dealer channel business.
Quantum Medical Imaging’s headquarters, employees and management team will remain in Long Island, where the company has just extended the lease on its headquarters and manufacturing facility through 2018.
